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CfC Stanbic Holdings profit after tax for the year ending 31 December 2014 increased by 11% to KShs 5.69 billion.
Standard Bank Group, which trades in Kenya as CfC Stanbic Bank, has been recognised by the Global Capital Emerging Markets Bond awards for its involvement in the issue of the Republic of Kenya’s landmark dual-tranche US$2bn Eurobond last year. The deal was voted as the 2014 African Deal of the Year at the Global Capital Emerging Markets Bond awards.
CfC Stanbic Bank’s Ksh4 billion subordinated and unsecured Tier II fixed rate bond, was oversubscribed by 27%. This was the first tranche of the Bank’s Ksh5 billion multi-currency medium term note programme which also allows for the issue of credit-linked notes.
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